Morton's Restaurant Group, Inc. (NYSE:MRT) CAO David L. Travis acquired 2,500 shares of Morton's Restaurant Group stock in a transaction on Tuesday, October 4th. The stock was purchased at an average cost of $12.00 per share, for a total transaction of $30,000.00. Following the purchase, the chief accounting officer now owns 15,934 shares in the company, valued at $191,208. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Morton's Restaurant Group, Inc. (NYSE:MRT) traded down 2.13% during trading on Tuesday, hitting $11.47. The stock had a trading volume of 465,813 shares. Morton's Restaurant Group, Inc. has a 12 month low of $11.17 and a 12 month high of $11.99. The company’s 50 day moving average is $11.69 and its 200-day moving average is $11.69.
About Morton's Restaurant Group
Morton’s Restaurant Group, Inc (MRG) is engaged in the business of owning and operating restaurants under the names Morton’s The Steakhouse (Morton’s) and Trevi (Trevi). As of January 2, 2011, the Company owned and operated 78 restaurants (77 Morton’s steakhouses and one Trevi restaurant). Its subsidiaries include Porterhouse, Inc, Morton’s of Chicago, Inc, Morton’s of Chicago/Atlanta, Inc, Morton’s of Chicago/Buckhead, Inc, Morton’s of Chicago/Chicago, Inc, Morton’s of Chicago/Cincinnati, Inc and Morton’s of Chicago/Clayton, Inc During the fiscal year ended January 2, 2011, (fiscal 2010), the Company opened a Morton’s steakhouse in Shanghai, China.
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